TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 STUDY OBJECTIVES 13
1.2 DEFINITION 13
1.3 SCOPE OF THE STUDY 14
1.3.1 MARKETS COVERED 14
1.3.2 GEOGRAPHIC SCOPE 14
1.3.3 YEARS CONSIDERED FOR STUDY 15
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 MARKET STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Major secondary sources 18
2.1.1.2 Secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Primary interviews with experts 19
2.1.2.2 Key data from primary sources 20
2.1.2.3 Key industry insights 20
2.1.2.4 Breakdown of primaries 21
2.1.3 SECONDARY AND PRIMARY RESEARCH 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 23
2.2.1.1 Approach for capturing market share by bottom-up analysis
(demand side) 23
2.2.2 TOP-DOWN APPROACH 24
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side) 25
2.3 MARKET RANKING ESTIMATION 25
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.5 RESEARCH ASSUMPTIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN ACOUSTIC EMISSION TESTING MARKET 32
4.2 ACOUSTIC EMISSION TESTING MARKET, BY EQUIPMENT 32
4.3 ACOUSTIC EMISSION TESTING MARKET, BY SERVICE AND COUNTRY 33
4.4 ACOUSTIC EMISSION TESTING MARKET, BY APPLICATION 34
4.5 COUNTRY-WISE ANALYSIS OF ACOUSTIC EMISSION TESTING MARKET 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
5.2.1 DRIVERS 36
5.2.1.1 Growing safety concerns to enhance productivity 36
5.2.1.2 Increasing need for asset health monitoring 36
5.2.1.3 Government initiatives for implementation of NDT solutions 37
5.2.2 RESTRAINTS 37
5.2.2.1 High system cost 37
5.2.2.2 Lack of skilled workforce 38
5.2.3 OPPORTUNITIES 38
5.2.3.1 Advancements in acoustic emission testing 38
5.2.3.2 Increasing demand for acoustic emission testing in power generation industry 38
5.2.3.3 Critical need to inspect aging infrastructure 39
5.2.4 CHALLENGES 39
5.2.4.1 Fluctuating oil and gas prices 39
5.3 ACOUSTIC EMISSION TESTING TECHNIQUES 39
5.3.1 INTRODUCTION 39
5.3.2 MULTICHANNEL SOURCE LOCATION 39
5.3.3 COMPUTED SOURCE LOCATION 40
5.3.4 ZONE LOCATION AND GUARD TECHNIQUES 40
6 INDUSTRY TRENDS 41
6.1 INTRODUCTION 41
6.2 VALUE CHAIN ANALYSIS 41
6.3 EMERGING TRENDS: ACOUSTIC EMISSION TESTING EQUIPMENT INDUSTRY 42
6.3.1 DEVELOPMENT OF NEW MATERIALS TO REFURBISH THE MARKET 42
6.3.2 INCREASED CUSTOMER EXPECTATIONS FROM AET EQUIPMENT MANUFACTURERS 42
6.4 REGULATIONS AND STANDARDS RELATED TO NDT 43
6.5 LEADING ASSOCIATIONS FOR AET 44
6.5.1 AMERICAN SOCIETY FOR NONDESTRUCTIVE TESTING (ASNT) 44
6.5.2 BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING (BINDT) 45
7 MARKET ANALYSIS, BY EQUIPMENT 48
7.1 INTRODUCTION 49
7.2 SENSORS 50
7.3 AMPLIFIERS 52
7.4 DETECTION INSTRUMENTS 53
7.5 CALIBRATORS 54
7.6 OTHERS 56
8 MARKET ANALYSIS, BY SERVICE 57
8.1 INTRODUCTION 58
8.2 INSPECTION 59
8.3 CALIBRATION 60
9 MARKET ANALYSIS, BY APPLICATION 62
9.1 INTRODUCTION 63
9.2 STORAGE TANK 64
9.3 PIPELINE 66
9.4 AGING AIRCRAFT 68
9.5 TURBINE 69
9.6 STRUCTURAL MONITORING 70
9.6.1 PRESSURE VESSELS 73
9.6.2 BRIDGES 73
9.6.3 CONCRETE BEAMS 73
9.6.4 OTHERS 73
9.7 NUCLEAR TANK 74
9.8 MARINE 75
9.9 TUBE TRAILER 76
9.10 ADVANCED MATERIAL 78
10 MARKET ANALYSIS, BY GEOGRAPHY 80
10.1 INTRODUCTION 81
10.2 NORTH AMERICA 82
10.2.1 US 86
10.2.2 CANADA 86
10.2.3 MEXICO 86
10.3 EUROPE 87
10.3.1 UK 90
10.3.2 GERMANY 90
10.3.3 FRANCE 90
10.3.4 ITALY 90
10.3.5 AUSTRIA 91
10.3.6 SWITZERLAND 91
10.3.7 REST OF EUROPE 91
10.4 APAC 92
10.4.1 CHINA 96
10.4.2 INDIA 96
10.4.3 MALAYSIA & SINGAPORE 96
10.4.4 REST OF APAC 97
10.5 ROW 97
10.5.1 MIDDLE EAST 100
10.5.2 AFRICA 100
10.5.3 SOUTH AMERICA 100
11 COMPETITIVE LANDSCAPE 101
11.1 INTRODUCTION 101
11.2 ACOUSTIC EMISSION TESTING MARKET RANKING ANALYSIS 102
11.3 COMPETITIVE SCENARIO 103
11.3.1 PARTNERSHIPS, ACQUISITIONS, AND AGREEMENTS 103
11.3.2 EXPANSIONS AND CONTRACTS 104
11.3.3 PRODUCT LAUNCHES AND COLLABORATIONS 105
12 COMPANY PROFILE 106
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
12.1 TUV RHEINLAND 106
12.2 TUV AUSTRIA 109
12.3 TUV NORD 111
12.4 MISTRAS 114
12.5 GENERAL ELECTRIC 117
12.6 PARKER HANNIFIN 119
12.7 ACOUSTIC EMISSION CONSULTING 121
12.8 VALLEN SYSTEME 122
12.9 KRN SERVICES 124
12.10 SCORE ATLANTA 126
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.
13 APPENDIX 127
13.1 DISCUSSION GUIDE 127
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 129
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 131
13.4 AVAILABLE CUSTOMIZATIONS 133
13.5 RELATED REPORTS 133
13.6 AUTHOR DETAILS 134
TABLE 1 ACOUSTIC EMISSION TESTING MARKET, BY EQUIPMENT,
2015–2023 (USD MILLION) 49
TABLE 2 ACOUSTIC EMISSION TESTING MARKET FOR SENSORS, BY APPLICATION,
2015–2023 (USD THOUSAND) 51
TABLE 3 ACOUSTIC EMISSION TESTING MARKET FOR SENSORS, BY REGION,
2015–2023 (USD THOUSAND) 51
TABLE 4 ACOUSTIC EMISSION TESTING MARKET FOR AMPLIFIERS, BY APPLICATION,
2015–2023 (USD THOUSAND) 52
TABLE 5 ACOUSTIC EMISSION TESTING MARKET FOR AMPLIFIERS, BY REGION,
2015–2023 (USD THOUSAND) 53
TABLE 6 ACOUSTIC EMISSION TESTING MARKET FOR DETECTION INSTRUMENTS,
BY APPLICATION, 2015–2023 (USD THOUSAND) 53
TABLE 7 ACOUSTIC EMISSION TESTING MARKET FOR DETECTION INSTRUMENTS,
BY REGION, 2015–2023 (USD THOUSAND) 54
TABLE 8 ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATORS, BY APPLICATION, 2015–2023 (USD THOUSAND) 55
TABLE 9 ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATORS, BY REGION,
2015–2023 (USD THOUSAND) 55
TABLE 10 ACOUSTIC EMISSION TESTING MARKET FOR OTHERS, BY APPLICATION,
2015–2023 (USD THOUSAND) 56
TABLE 11 ACOUSTIC EMISSION TESTING MARKET FOR OTHERS, BY REGION,
2015–2023 (USD THOUSAND) 56
TABLE 12 ACOUSTIC EMISSION TESTING MARKET, BY SERVICE, 2015–2023 (USD MILLION) 58
TABLE 13 ACOUSTIC EMISSION TESTING MARKET FOR INSPECTION SERVICES,
BY APPLICATION, 2015–2023 (USD THOUSAND) 59
TABLE 14 ACOUSTIC EMISSION TESTING MARKET FOR INSPECTION SERVICES,
BY REGION, 2015–2023 (USD MILLION) 60
TABLE 15 ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATION SERVICES,
BY APPLICATION, 2015–2023 (USD THOUSAND) 61
TABLE 16 ACOUSTIC EMISSION TESTING MARKET FOR CALIBRATION SERVICES,
BY REGION, 2015–2023 (USD MILLION) 61
TABLE 17 ACOUSTIC EMISSION TESTING MARKET, BY APPLICATION,
2015–2023 (USD MILLION) 63
TABLE 18 ACOUSTIC EMISSION TESTING MARKET FOR STORAGE TANK, BY EQUIPMENT, 2015–2023 (USD THOUSAND) 65
TABLE 19 ACOUSTIC EMISSION TESTING MARKET FOR STORAGE TANK, BY SERVICE,
2015–2023 (USD MILLION) 65
TABLE 20 ACOUSTIC EMISSION TESTING MARKET FOR STORAGE TANK, BY REGION,
2015–2023 (USD THOUSAND) 66
TABLE 21 ACOUSTIC EMISSION TESTING MARKET FOR PIPELINE, BY EQUIPMENT,
2015–2023 (USD THOUSAND) 67
TABLE 22 ACOUSTIC EMISSION TESTING MARKET FOR PIPELINE, BY SERVICE,
2015–2023 (USD MILLION) 67
TABLE 23 ACOUSTIC EMISSION TESTING MARKET FOR PIPELINE, BY REGION,
2015–2023 (USD THOUSAND) 67
TABLE 24 ACOUSTIC EMISSION TESTING MARKET FOR AGING AIRCRAFT, BY EQUIPMENT, 2015–2023 (USD THOUSAND) 68
TABLE 25 ACOUSTIC EMISSION TESTING MARKET FOR AGING AIRCRAFT, BY SERVICE,
2015–2023 (USD MILLION) 68
TABLE 26 ACOUSTIC EMISSION TESTING MARKET FOR AGING AIRCRAFT, BY REGION,
2015–2023 (USD THOUSAND) 69
TABLE 27 ACOUSTIC EMISSION TESTING MARKET FOR TURBINE, BY EQUIPMENT,
2015–2023 (USD THOUSAND) 69
TABLE 28 ACOUSTIC EMISSION TESTING MARKET FOR TURBINE, BY SERVICE,
2015–2023 (USD MILLION) 70
TABLE 29 ACOUSTIC EMISSION TESTING MARKET FOR TURBINE, BY REGION,
2015–2023 (USD THOUSAND) 70
TABLE 30 ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING,
BY TYPE, 2015–2023 (USD MILLION) 71
TABLE 31 ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING,
BY EQUIPMENT, 2015–2023 (USD THOUSAND) 72
TABLE 32 ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING,
BY SERVICE, 2015–2023 (USD MILLION) 72
TABLE 33 ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING,
BY REGION, 2015–2023 (USD THOUSAND) 72
TABLE 34 ACOUSTIC EMISSION TESTING MARKET FOR NUCLEAR TANK, BY EQUIPMENT, 2015–2023 (USD THOUSAND) 74
TABLE 35 ACOUSTIC EMISSION TESTING MARKET FOR NUCLEAR TANK, BY SERVICE,
2015–2023 (USD MILLION) 74
TABLE 36 ACOUSTIC EMISSION TESTING MARKET FOR NUCLEAR TANK, BY REGION,
2015–2023 (USD THOUSAND) 75
TABLE 37 ACOUSTIC EMISSION TESTING MARKET FOR MARINE, BY EQUIPMENT,
2015–2023 (USD THOUSAND) 75
TABLE 38 ACOUSTIC EMISSION TESTING MARKET FOR MARINE, BY SERVICE,
2015–2023 (USD MILLION) 76
TABLE 39 ACOUSTIC EMISSION TESTING MARKET FOR MARINE, BY REGION,
2015–2023 (USD THOUSAND) 76
TABLE 40 ACOUSTIC EMISSION TESTING MARKET FOR TUBE TRAILER, BY EQUIPMENT, 2015–2023 (USD THOUSAND) 77
TABLE 41 ACOUSTIC EMISSION TESTING MARKET FOR TUBE TRAILER, BY SERVICE,
2015–2023 (USD MILLION) 77
TABLE 42 ACOUSTIC EMISSION TESTING MARKET FOR TUBE TRAILER, BY REGION,
2015–2023 (USD THOUSAND) 77
TABLE 43 ACOUSTIC EMISSION TESTING MARKET FOR ADVANCED MATERIAL,
BY EQUIPMENT, 2015–2023 (USD THOUSAND) 78
TABLE 44 ACOUSTIC EMISSION TESTING MARKET FOR ADVANCED MATERIAL,
BY SERVICE, 2015–2023 (USD MILLION) 78
TABLE 45 ACOUSTIC EMISSION TESTING MARKET FOR ADVANCED MATERIAL,
BY REGION, 2015–2023 (USD THOUSAND) 79
TABLE 46 ACOUSTIC EMISSION TESTING MARKET, BY REGION, 2015–2023 (USD MILLION) 82
TABLE 47 ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY EQUIPMENT, 2015–2023 (USD THOUSAND) 84
TABLE 48 ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY SERVICE,
2015–2023 (USD MILLION) 84
TABLE 49 ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY APPLICATION, 2015–2023 (USD THOUSAND) 85
TABLE 50 ACOUSTIC EMISSION TESTING MARKET IN NORTH AMERICA, BY COUNTRY,
2015–2023 (USD MILLION) 85
TABLE 51 ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY EQUIPMENT,
2015–2023 (USD THOUSAND) 88
TABLE 52 ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY SERVICE,
2015–2023 (USD MILLION) 88
TABLE 53 ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY APPLICATION,
2015–2023 (USD THOUSAND) 89
TABLE 54 ACOUSTIC EMISSION TESTING MARKET IN EUROPE, BY COUNTRY,
2015–2023 (USD MILLION) 89
TABLE 55 ACOUSTIC EMISSION TESTING MARKET IN APAC, BY EQUIPMENT,
2015–2023 (USD THOUSAND) 94
TABLE 56 ACOUSTIC EMISSION TESTING MARKET IN APAC, BY SERVICE,
2015–2023 (USD MILLION) 94
TABLE 57 ACOUSTIC EMISSION TESTING MARKET IN APAC, BY APPLICATION,
2015–2023 (USD THOUSAND) 95
TABLE 58 ACOUSTIC EMISSION TESTING MARKET IN APAC, BY COUNTRY,
2015–2023 (USD MILLION) 95
TABLE 59 ACOUSTIC EMISSION TESTING MARKET IN ROW, BY EQUIPMENT,
2015–2023 (USD THOUSAND) 98
TABLE 60 ACOUSTIC EMISSION TESTING MARKET IN ROW, BY SERVICE,
2015–2023 (USD MILLION) 98
TABLE 61 ACOUSTIC EMISSION TESTING MARKET IN ROW, BY APPLICATION,
2015–2023 (USD THOUSAND) 99
TABLE 62 ACOUSTIC EMISSION TESTING IN ROW, BY REGION, 2015–2023 (USD MILLION) 99
TABLE 63 TOP 5 PLAYERS IN ACOUSTIC EMISSION TESTING MARKET (2017) 102
TABLE 64 RECENT PARTNERSHIPS, ACQUISITIONS, AND AGREEMENTS IN ACOUSTIC EMISSION TESTING MARKET 103
TABLE 65 RECENT EXPANSIONS AND CONTRACTS IN ACOUSTIC EMISSION TESTING MARKET 104
TABLE 66 RECENT PRODUCT LAUNCHES AND COLLABORATIONS IN ACOUSTIC EMISSION TESTING MARKET 105
LIST OF FIGURES
FIGURE 1 ACOUSTIC EMISSION TESTING MARKET: RESEARCH DESIGN 17
FIGURE 2 PROCESS FLOW 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 24
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 25
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 26
FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY 27
FIGURE 7 ACOUSTIC EMISSION TESTING MARKET FOR SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 29
FIGURE 8 INSPECTION SERVICES TO HOLD LARGER SHARE OF ACOUSTIC EMISSION TESTING MARKET BETWEEN 2018 AND 2023 29
FIGURE 9 ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 30
FIGURE 10 NORTH AMERICA TO HOLD LARGEST SHARE OF ACOUSTIC EMISSION TESTING MARKET IN 2018 31
FIGURE 11 RISING INFRASTRUCTURAL DEVELOPMENTS GLOBALLY DRIVING ACOUSTIC EMISSION TESTING MARKET 32
FIGURE 12 SENSORS TO DOMINATE ACOUSTIC EMISSION TESTING MARKET DURING FORECAST PERIOD 32
FIGURE 13 US HELD LARGEST SHARE OF ACOUSTIC EMISSION TESTING MARKET IN
NORTH AMERICA IN 2017 33
FIGURE 14 ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 34
FIGURE 15 ACOUSTIC EMISSION TESTING MARKET IN MEXICO TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 34
FIGURE 16 INCREASING NEED FOR ASSET OR MACHINERY HEALTH MONITORING DRIVES ACOUSTIC EMISSION TESTING MARKET 35
FIGURE 17 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING RAW MATERIAL SUPPLIERS AND OEMS PHASES OF ACOUSTIC EMISSION TESTING MARKET 41
FIGURE 18 ACOUSTIC EMISSION TESTING MARKET FOR SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 50
FIGURE 19 ACOUSTIC EMISSION TESTING MARKET FOR INSPECTION SERVICES TO GROW AT HIGHER CAGR BETWEEN 2018 AND 2023 58
FIGURE 20 ACOUSTIC EMISSION TESTING MARKET FOR STRUCTURAL MONITORING TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 64
FIGURE 21 ACOUSTIC EMISSION TESTING MARKET FOR BRIDGES TO GROW AT HIGHEST CAGR BETWEEN 2018 AND 2023 71
FIGURE 22 ACOUSTIC EMISSION TESTING MARKET: GEOGRAPHIC SNAPSHOT 81
FIGURE 23 OVERVIEW OF AET MARKET IN NORTH AMERICA 83
FIGURE 24 OVERVIEW OF AET MARKET IN EUROPE 87
FIGURE 25 OVERVIEW OF AET MARKET IN APAC 93
FIGURE 26 OVERVIEW OF AET MARKET IN ROW 97
FIGURE 27 KEY GROWTH STRATEGIES ADOPTED BY TOP COMPANIES BETWEEN JANUARY 2015 AND SEPTEMBER 2017 101
FIGURE 28 PARTNERSHIPS, ACQUISITIONS, AND AGREEMENTS – KEY STRATEGIES ADOPTED BY PLAYERS BETWEEN JANUARY 2015 AND SEPTEMBER 2017 103
FIGURE 29 TUV RHEINLAND: COMPANY SNAPSHOT 106
FIGURE 30 TUV AUSTRIA: COMPANY SNAPSHOT 109
FIGURE 31 TUV NORD: COMPANY SNAPSHOT 111
FIGURE 32 MISTRAS: COMPANY SNAPSHOT 114
FIGURE 33 GENERAL ELECTRIC: COMPANY SNAPSHOT 117
FIGURE 34 PARKER HANNIFIN: COMPANY SNAPSHOT 119
